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speaker john boehner has to be re-elected. if he does sort of curve to the left and finds his way down the middle, he can almost guarantee he's re-elected; right? >> well, he has to earn the trust of republicans, particularly conservative republicans. if he brings it through and pushes it through, that ruins the republican brand forever. we barely convinced the american people we're against tax increases, but if they pass a tax increases, we're on the road to the minority. that worries members of the conference irrespective of the cliff created, again, by a bad deeing in august 20 # 11 that the american people said don't raise the ceiling, washington raised it, cut spending in the future. that sounds awfully familiar from the white house and out of the speaker and the majority leaders as well. tracy: do you have anied what's -- whatever boehner presented to the white house tonight, do you have any idea what's in the compromise? >> none whatsoever, no details gimp to us, again, undeclared cuts, but what i can be certain about,
speaker john boehner has to be re-elected. if he does sort of curve to the left and finds his way down the middle, he can almost guarantee he's re-elected; right? >> well, he has to earn the trust of republicans, particularly conservative republicans. if he brings it through and pushes it through, that ruins the republican brand forever. we barely convinced the american people we're against tax increases, but if they pass a tax increases, we're on the road to the minority. that worries...
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speaker boehner left the capital and the white house said the ball was in speaker boehner square. rich edson is on the white house with the latest. were they talking about? this on a day when president obama said i have cut $1 trillion already in spending. that was part of last summer's budget deal. but he says that i am willing to do a lot more cuts in spending. you have a willingness to do spending cuts, a willingness from john boehner to raise revenues. however, we have been stuck on the details of this thing for the past two weeks here. the past three weeks or longer. the white house is putting an offer on the table. they were far apart in spending cuts. our part in revenues and the way they do increase tax revenues. republicans say no to any tax rate increase. how speaker john boehner says they will do it by limiting deductions next year. what the white house wants is an immediate tax rate increase on families earning more than $250,000 per year. they have been going round and round. there has been incredibly little progress in washington since the offers officers were first
speaker boehner left the capital and the white house said the ball was in speaker boehner square. rich edson is on the white house with the latest. were they talking about? this on a day when president obama said i have cut $1 trillion already in spending. that was part of last summer's budget deal. but he says that i am willing to do a lot more cuts in spending. you have a willingness to do spending cuts, a willingness from john boehner to raise revenues. however, we have been stuck on the...
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the boehner plan goes for $2 trillionn deficit reduction, boehner wants, oh, yeah, he's going to kkck tail, allght? we're going to get2.2 bilion in t spending of this country. let me repase that. that'll be a $2.2 trillion reduction in the totallanned spending. the growth of our spending will alter, it'lle just about that line right there. we're potentially oking at the republican plan, well, in 2020, i guess the best way to show you isust how tough it is. we'll only have a deficit and a debt, a national debt under the boehner plan -- remember, this is the o plan, is is the b plan -- $25.2 trillion by 2022. mr. obama wants $350 billn in entitlement cuts over the next ten years, mr. boehner wants $800 billion in entitlement cuts, and we're going to see a big, dramatic negotiation. and whatou and i is -- and all of our fellow americans are looking at is the prospect of a recession next year if the president and mr. boehner can't come to an agreement, as much as a 10% unemployment rate because both this president and the republican party, as you can see here, are playing at the margin. a
the boehner plan goes for $2 trillionn deficit reduction, boehner wants, oh, yeah, he's going to kkck tail, allght? we're going to get2.2 bilion in t spending of this country. let me repase that. that'll be a $2.2 trillion reduction in the totallanned spending. the growth of our spending will alter, it'lle just about that line right there. we're potentially oking at the republican plan, well, in 2020, i guess the best way to show you isust how tough it is. we'll only have a deficit and a debt,...
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boehner will have to cut a deal that raises taxes. their idea of fiscal conservatism, for two decades, has only been about taxes. meanwhile, under current sentiment, underneath him, why don't you finally go after spending. those tea party people will be completely hostile to whatever deal comes up. connell: the reason he is speaker of the house is because of those tea party. the same group that may, if you are right though i drive him out of town. >> he has been systematically pushing tea party people out of committees in order to get his conference more in line. connell: he better kind of followed the line here. >> that is how you organize and discipline. it will hurt the economy without solving the problem. connell: is he supposed to -- that would be characterized as a "grand bargain." if you are right, his job is literally on the line. >> there isn't much of an option. he has not been talking about that. there is no intellectual foundation for math. if it gets tough, he gets blamed. he is going to come up with a lousy deal of some
boehner will have to cut a deal that raises taxes. their idea of fiscal conservatism, for two decades, has only been about taxes. meanwhile, under current sentiment, underneath him, why don't you finally go after spending. those tea party people will be completely hostile to whatever deal comes up. connell: the reason he is speaker of the house is because of those tea party. the same group that may, if you are right though i drive him out of town. >> he has been systematically pushing tea...
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those are the words of house speaker john boehner. harry reid, the democrats, of course, said we cannot ignore the american people on tax hikes. ron hine on why he says there is still no reason to panic on the cliff. our very own lou dobbs is not buying it. adam: our very own nicole petallides is on the new york stock exchange. where do we stand right now. right now the dow jones industrials are down nearly 60 points. the nasdaq composite is down three quarters of 1%. not a great day here. there are concerns about the fiscal cliff. we just have the deadline timeclock up again. we know that we have very accommodative fed's. let's take a look at some european markets. finance ministers have been discussing things including giving them more power. these are some of the things that they are looking at closely. we had seen europe really pushing some new recent highs. that is something that pushed us along in the last couple days. lori: a showdown in washington. sparring over a dead deal. it does not look like either party is ready to budge
those are the words of house speaker john boehner. harry reid, the democrats, of course, said we cannot ignore the american people on tax hikes. ron hine on why he says there is still no reason to panic on the cliff. our very own lou dobbs is not buying it. adam: our very own nicole petallides is on the new york stock exchange. where do we stand right now. right now the dow jones industrials are down nearly 60 points. the nasdaq composite is down three quarters of 1%. not a great day here....
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speaker boehner is not cooperating and telling us what was in it. >> i tnk until speaker boehner and the republicans agree to raise taxes on wealthiest folks there will be no deal, it will be a high stakes game of chicken during a lame duck session of congress, no other deals will get cut. >> john? >> the president campaigned on a balanced approach. a year or so ago, president was talking about 700 billion in taxes, now he doubled it a balanced approach, negotiation would mean you put both taxes and spending on the table. and specify, president is doing neither. this is a game of chicken, which i think is designed to go over the fiscal cliff, and pin the blame on the republins, i understand why the president is doing it for political reasons but i don't think that the republicans have to surrender themselves in this game of chicken. lou: it seems the ultimatum, raise taxes on top 2%, why not let him eat to, it is his decision, go for it, if you don't want a mature, and intelligence, and responsible negotiation, you do not know who you are dealing with, it is called a constitutional b
speaker boehner is not cooperating and telling us what was in it. >> i tnk until speaker boehner and the republicans agree to raise taxes on wealthiest folks there will be no deal, it will be a high stakes game of chicken during a lame duck session of congress, no other deals will get cut. >> john? >> the president campaigned on a balanced approach. a year or so ago, president was talking about 700 billion in taxes, now he doubled it a balanced approach, negotiation would mean...
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house speaker john boehner left the capitol building about 10 minutes ago. he will motorcade over here. he should be here in a short while to begin yet another meeting with president obama. the two had a phone call earlier this week. on the phone the house speaker said they made little progress. aides say over the last few weeks there has been little discussion, constructive discussion moving towards a compromise. this is yet another attempt to get something moving. the white house put an offer on the table. republicans called it a joke. house republicans put a offer on the table. white house said it wasn't serious. since then the two sides have not moved that much closer to one another. the white house wants immediate tax increase on families earning more than $250,000 through a tax rate increase. for republicans they want more detailed spending cut plan out of the white house before they agree to any revenue increases. that impasse has continued. when you talk about how this is going to game out, at least what you're timing is on this, sandra, you have to
house speaker john boehner left the capitol building about 10 minutes ago. he will motorcade over here. he should be here in a short while to begin yet another meeting with president obama. the two had a phone call earlier this week. on the phone the house speaker said they made little progress. aides say over the last few weeks there has been little discussion, constructive discussion moving towards a compromise. this is yet another attempt to get something moving. the white house put an offer...
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just 28% thinks he sides with the likes of john boehner and company. only 11% would admit to being naughty. he is kind of like, you know, he is out there. connell: do not say anything negative about santa claus. somebody will be bringing coal to the democrats and republicans in congress this year. dagen: neil cavuto is here now. the sides are still so divided. based on the talks that you had. lou: they are not talking warm and fuzzy. there was sort of like a quiet. yesterday. boehner came to the microphone to express his frustration with the process. then nancy pelosi came out and said, look, where have you been john boehner. they went back to jawboning and that is never constructive. when you are ripping each other in public, there is no way you could be doing much in private. connell: i keep waiting for them to wake up and there be a big bargain. to the republican path of leverage to get the spending cuts. gerri: they will offer the tax hikes and they will say we offered the tax hikes. they will go on record as risking a click event. they will say we
just 28% thinks he sides with the likes of john boehner and company. only 11% would admit to being naughty. he is kind of like, you know, he is out there. connell: do not say anything negative about santa claus. somebody will be bringing coal to the democrats and republicans in congress this year. dagen: neil cavuto is here now. the sides are still so divided. based on the talks that you had. lou: they are not talking warm and fuzzy. there was sort of like a quiet. yesterday. boehner came to...
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neil: speaker boehner and the president not as good as you. good to see you. remember him? now a new union phelan is him. scott walker never got the union carolers to show up at his house but like cannot tonight they will be singing at his house. ♪ e nancial was founded back in 1894, they've been committed to putting clients first. helpingenerations through tough times. good times. never taking a bailout. there wn you need them. helping millions of americans over the centuries. the strength of a globalinanal leader. the heart of a onto-one relationship. togeththeror your future. ♪ 8700 vince descending on the home of one michigander governor tonight. i am told to seeing christmas carols but may not be in the spirit. they are angry for trying to poult a scott walker but he says not true. he once again state workers are right to whether there want to be a union. they don't have to. but they don't see it that way any different than lee scott walker offer to kill the union. who s right? to both guest, at first why the governor? >> they are targeting as an interesting time p
neil: speaker boehner and the president not as good as you. good to see you. remember him? now a new union phelan is him. scott walker never got the union carolers to show up at his house but like cannot tonight they will be singing at his house. ♪ e nancial was founded back in 1894, they've been committed to putting clients first. helpingenerations through tough times. good times. never taking a bailout. there wn you need them. helping millions of americans over the centuries. the strength...
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boehner wants a deal. i think it has to be balanced with revenues including increased rates on taxes. i would say at like 75% that there's a deal. liz: well, there's a deal tomorrow when this auction is up. they're incredible. internship at chanel. come on you know a kid that wants that. incredible offers. good luck. good work you're doing, kerry. >> thank you for doing this. liz: kerry kennedy. oh the website, rfccenter.org. >> rfkcenter.org. liz: then you will click on it and see where the auction is. go falconning with rfk, jr., her brother. that's what you would like? david: i would like to go falconning. i would have to bid. liz: 5100. david: that is not bad. for a good cause. liz: always. david: apple and google have become french mys. -- frenemis. they are on a bid for kodak patents. we'll have the details coming next. ♪ . [ male announcer where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questis about incorporating a busines
boehner wants a deal. i think it has to be balanced with revenues including increased rates on taxes. i would say at like 75% that there's a deal. liz: well, there's a deal tomorrow when this auction is up. they're incredible. internship at chanel. come on you know a kid that wants that. incredible offers. good luck. good work you're doing, kerry. >> thank you for doing this. liz: kerry kennedy. oh the website, rfccenter.org. >> rfkcenter.org. liz: then you will click on it and see...
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neil: speaker boehner d the esident not as good as you. good to see you. rememb him? now a new union phelan is him. scott walker never got the union carers to show up at his house but like cannot tonight they will be sging at his house. ♪ ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now throughecember 31st. [ santa ] ho, ho, ho! [ male announcer ] lease a 2013 e350 for $579 a month at your local mercedes-benz dealer. a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis sympto. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just o 200mg celebrex a day can provide 24 hr relief for many with a arthritis pan and inflammation. plus, in clinical studies, celebrex is proven to impre daily physical function so moving is easier. celebrex can be taken with or without food. and it's not a narcotic. you
neil: speaker boehner d the esident not as good as you. good to see you. rememb him? now a new union phelan is him. scott walker never got the union carers to show up at his house but like cannot tonight they will be sging at his house. ♪ ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now throughecember 31st. [ santa ] ho, ho, ho! [ male announcer ] lease a 2013 e350 for $579 a month at your local...
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we heard from house speaker john boehner. the overall sentiment after he spoke is a few negative pieces of language in his speech that ultimately in the end he was trying to say they're trying to work it out. smooth it over, ultimately. they know a couple of trends we are seeing, technology, materiall, two areas coming under pressure recently starting to turn. europe seeing improvement helping equities along as well. lori: not sure if you mentioned the fed. we were talking about it at the top. talking about their expectations of ben bernanke. nicole: would even throw out the idea of stimulus? that helped things along pushing us along throughout this entire last six months. lori: absolutely. thank you so much, nicole petallides on the floor of the new york stock exchange. protests turn violent in lansing, michigan, as union protesters ripped down a tent belonging to right-to-work supporters. becoming the 24th right-to-work states today allowing workers to get the right to join unions. jeff flock is in lansing michigan covering
we heard from house speaker john boehner. the overall sentiment after he spoke is a few negative pieces of language in his speech that ultimately in the end he was trying to say they're trying to work it out. smooth it over, ultimately. they know a couple of trends we are seeing, technology, materiall, two areas coming under pressure recently starting to turn. europe seeing improvement helping equities along as well. lori: not sure if you mentioned the fed. we were talking about it at the top....
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the speaker of the house john boehner. let's listen in. >> the tax hikes that the president campaigned on, that had more stimulus spending then cuts. and indefinite, infinite increase on the debt limit forever. four days ago, we offered a serious proposal based on testimony of president clinton's former chief of staff. since then, there has been no counter offer from the white house. reports indicate that the president has adopted a strategy to slow walk our economy right to the edge of the fiscal cliff. instead of reforming the tax code, the president wants to raise tax rates. even if the president that the tax rate hike that he wanted, understand that we will continue to see trillion dollar deficits for as far as the eye can see. washington has a spending3 problem, not a revenue problem. if the president does not agree with our proposal, i believe he has an obligation to families and small businesses to offer a plan of his own. we are ready and eager to talk to the president about such plan. >> you did speak with the pre
the speaker of the house john boehner. let's listen in. >> the tax hikes that the president campaigned on, that had more stimulus spending then cuts. and indefinite, infinite increase on the debt limit forever. four days ago, we offered a serious proposal based on testimony of president clinton's former chief of staff. since then, there has been no counter offer from the white house. reports indicate that the president has adopted a strategy to slow walk our economy right to the edge of...
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speaker john boehner saying discussions are taking place. liz: maybe the fact they're keeping quiet may mean something is really going to happen. keep dreaming. >> does politics have to watch out what is happening in silicon valley. apple and google compete on so many different rounds. but they're actually coming together to co-compete on a bid for the patents that kodak holds. 1100 patents, half a billion dollars. they realize instead of sitting across from each other playing and outbidding one another, we will work together and co-compete for these and work together to get these patents for both of us. something to watch. liz: not all patents are equal. they will start dealing and wheeling. >> it all looks kosher right now, but i'm sure it is not. liz: what about the flash cube patent. dennis, what about you? >> mayor bloomberg could be in for holiday shopping. bloomberg media company may want to buy the financial times. any deal more for prestige and profits. preservation down 30% in four years, 300,000. yet bloomberg is a hungry acquirer
speaker john boehner saying discussions are taking place. liz: maybe the fact they're keeping quiet may mean something is really going to happen. keep dreaming. >> does politics have to watch out what is happening in silicon valley. apple and google compete on so many different rounds. but they're actually coming together to co-compete on a bid for the patents that kodak holds. 1100 patents, half a billion dollars. they realize instead of sitting across from each other playing and...
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yesterday president and speaker john boehner met at the white house. a spokesperson says today discussions with the white house are taking place, but we have no detail to share about the substance of those conversations, but he did add republicans are waiting for spending cuts proposals from the president to get a deal on the fiscal cliff, but if you republicans now say that maybe the best strategy for them is to accept some higher tax rates the president is demanding, get that out of the way and then come back entitlement reform early next year before the president asked for an increase in the debt ceiling. republicans will have a little more leverage with that. >> there's a hardening on the republican side. we will not raise the debt ceiling. iwe will not let obama borrow ay more money for any american congress borrow any more money until we fix this country from becoming grease and that that rs significant entitlement reform. >> the senator is not one of those supporting higher tax rates on wealthier families, he favors capping tax deductions on the
yesterday president and speaker john boehner met at the white house. a spokesperson says today discussions with the white house are taking place, but we have no detail to share about the substance of those conversations, but he did add republicans are waiting for spending cuts proposals from the president to get a deal on the fiscal cliff, but if you republicans now say that maybe the best strategy for them is to accept some higher tax rates the president is demanding, get that out of the way...
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what you see is what house speaker john boehner said he is hopeful a deal will be reached, but also added the g.o.p. wants the white house to provide details on spending cuts. but in the white house wants the same thing from the g.o.p. but either way that is good enough for the market. we took off and we stayed to the upside. so far neither side has been specific on spending cuts so coming up in just one hour o ony 4:00 p.m. eastern, former treasury secretary paul o'neill says he has easiest way to cut spending. fox business exclusive and in this our whole host of leaders in business talking about what specific they want to see. in terms of individual standouts. apple right now about 2% to the upside. some excitement over the iphone 5. how is this for a order in china. brenda marshall says china unicom has more than 300,000 people on the waiting list. nicole petallides with talk about this earlier, but that is enough to boost the stock. sales in china friday, can you imagine the lines? sec don't airlines is soaring. up nearly 6%. delta says they will buy 49% of virgin atlantic. the price
what you see is what house speaker john boehner said he is hopeful a deal will be reached, but also added the g.o.p. wants the white house to provide details on spending cuts. but in the white house wants the same thing from the g.o.p. but either way that is good enough for the market. we took off and we stayed to the upside. so far neither side has been specific on spending cuts so coming up in just one hour o ony 4:00 p.m. eastern, former treasury secretary paul o'neill says he has easiest...
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they have a sense that they have boehner and the republicans in the house on the defensive. use the more republicans now saying they are willing to, in fact, raise tax rates if they get serious entitlement cuts and serious spending cuts. if the republican caucus and republican poliiical weight, at the moment, if you look at the polls, there is no dispute. although polls show that republicans will they are about three quarters of the blame. dagen: one of the reasons that bill kristol came out after the election and said they just need to step back and give way to these income tax rate increases because the president juan and they will wind up getting blamed one way or another if this thing goes wrong. >> you are talking about eligibility. maybe even taking it away a little bit. that is for upper income earners. if you just say, you know what, we will tailor it now. two people who really may arguably be said don't need it. i think that may be acceptable to democrats. dagen: would it be helpful to everybody if these discussions were open door and more transparent, which has bee
they have a sense that they have boehner and the republicans in the house on the defensive. use the more republicans now saying they are willing to, in fact, raise tax rates if they get serious entitlement cuts and serious spending cuts. if the republican caucus and republican poliiical weight, at the moment, if you look at the polls, there is no dispute. although polls show that republicans will they are about three quarters of the blame. dagen: one of the reasons that bill kristol came out...
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house speaker john boehner saying he wants the president to get serious. he wants a counter offer to the republican offer. there's been no noticeable movement on this in the last couple weeks, and for republicans, and the chairman, he says, look, republicans have bent on taxes. >> in some form or fashion, it's written into current law, unless he changes his mind and as an epiphany he'll have tax revenues, not destaining my best efforts in getting it. >> the president, unlike any other party in the negotiations, put forward detailed spending cuts as well as detailed revenue proposals. >> that's where they are stuck. republicans say want spending cuts in exchange for $800 billion in increased revenue, and the democrats in the white house say we need to know from you, republicans, what spending cuts are on the table, but first thing to do is raise revenue and rates on those earning more than $250,000 a year, and, guys, we are getting close to the point now where congress has to write a bill or agreement they reach, getting down to the wire here. not like you
house speaker john boehner saying he wants the president to get serious. he wants a counter offer to the republican offer. there's been no noticeable movement on this in the last couple weeks, and for republicans, and the chairman, he says, look, republicans have bent on taxes. >> in some form or fashion, it's written into current law, unless he changes his mind and as an epiphany he'll have tax revenues, not destaining my best efforts in getting it. >> the president, unlike any...
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a spokesperson for boehner says today, quote: discussions with the white house are taking place, but we have no detail to share about the substance of these conversations. he adds that republicans are waiting on specific spending cut proposals from the president to get a deal on the fiscal cliff. but a few republicans now say that maybe the best strategy for them is to accept some higher tax rate that is the president is demanding, get that off the table and then come back to entitlement reform early next year when the president asks for an increase in the debt ceiling. then republicans will have a little more leverage. >> there's a hardening on the republican side. we're not going to raise the debt ceiling. we're not going to let obama borrow any more money or any american congress borrow any more money until we fix this country from becoming greece, and that requires significant entitlement reform. >> reporter: for the record, senator graham is not one of those who favors increasing tax rates on the wealthy. he favors more revenue from them by capping deductions. cheryl and dennis.
a spokesperson for boehner says today, quote: discussions with the white house are taking place, but we have no detail to share about the substance of these conversations. he adds that republicans are waiting on specific spending cut proposals from the president to get a deal on the fiscal cliff. but a few republicans now say that maybe the best strategy for them is to accept some higher tax rate that is the president is demanding, get that off the table and then come back to entitlement reform...
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speaker boehner is demanding a face-to-face meeting with president obama and the pentagon is preparing for the worst. >> it could take a week to clear out the backlog of ships. we're live at the port of los angeles straight ahead. tracy: time for stocks as we do every 15 minutes. nicole petallides on the floor of the new york stock exchange. it has been a wild ride. a lot of it has to do with apple, right? >> the big picture, markets are higher. apple has come under pressure. let's look at the major market averages. the dow is up triple digits, completely erasing losses over last couple days. posting a gain for the week. tech-heavy nasdaq pom cost it is moving to the because weighed down by apple. research and findings have found that apple faces intense competition in the tablet market for ipad and ipad mini and probably will lose market share to android and even microsoft systems. you're seeing apple down 28, almost 29 bucks. a terrible day if you're a shareholder hoping to get to the upside. a lot of folks hope it will get back to 700. not today. look at citigroup on the other hand
speaker boehner is demanding a face-to-face meeting with president obama and the pentagon is preparing for the worst. >> it could take a week to clear out the backlog of ships. we're live at the port of los angeles straight ahead. tracy: time for stocks as we do every 15 minutes. nicole petallides on the floor of the new york stock exchange. it has been a wild ride. a lot of it has to do with apple, right? >> the big picture, markets are higher. apple has come under pressure. let's...
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house speaker boehner said that will be a debating point in the debt ceiling and in the fiscal cliff when it comes to that. ashley: certainly will. milton ms. rought at this, thanks for being with us for your perspective on the market when we see what happens in washington. thanks so much. >> thank you. tracy: he is oozing confidence in washington, isn't he? ashley: yes. dripping with sarcasm i think is more --. tracy: sham else about. i love that word. it's a shambles. there is so much more ahead this hour including a biotech ceo what is hurting innovation in the sector. you guessed it, obamacare. a corda's ron cohen is here. ashley: apple making lots of news with its stock swings. reports it is shifting production away from china back to the u.s. as we do this time every day, look how oil is trading. down nearly 2%. bun a buck 73 at 86.15 a barrel. we'd be right back there is no mass-produced human. every human being is unique. and there is one store tha. the sleep nuer store. the only place in the world you'll find the extraordinarily comfortable sleep number experience. an exclus
house speaker boehner said that will be a debating point in the debt ceiling and in the fiscal cliff when it comes to that. ashley: certainly will. milton ms. rought at this, thanks for being with us for your perspective on the market when we see what happens in washington. thanks so much. >> thank you. tracy: he is oozing confidence in washington, isn't he? ashley: yes. dripping with sarcasm i think is more --. tracy: sham else about. i love that word. it's a shambles. there is so much...